Overview
What is Karamu Nutrition Program Inc?
Karamu Nutrition Program Inc is a nonprofit organization based in Tennessee, dedicated to offering a range of support services for childcare providers. Its primary function, as originally established by Dr. Vera, is serving as a sponsor for the Child and Adult Care Food Program (CACFP). This program provides financial reimbursement for nutritious meals, contributing to the well-being, healthy growth, and development of young children in childcare facilities. The organization aims to offer affordable, high-quality services to Tennessee's childcare providers and the families they serve, thus promoting the overall health and development of children.
Official website here: www.karamu.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 81% (Three-Star out of Four Star rating)**
Karamu Nutrition Program Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The organization scored well in categories such as independent board membership and financial oversight, showcasing a commitment to strong governance. However, the overall score heavily leans on accountability criteria, with no evaluation in the areas of impact, culture, or leadership adaptability.
The program demonstrated an impressive expense ratio, with 97.22% of funds directed towards its programs. Nevertheless, the organization faces a significant limitation with a low ratio of liabilities to assets, which affects its financial standing. Transparency could be improved, as its tax form was not posted on its website, which can raise concerns among potential donors.
User reviews from GreatNonprofits could not be accessed, limiting insights from individual experiences or sentiments regarding Karamu Nutrition Program Inc. This absence implies potential gaps in public feedback but does not diminish the overall accountability demonstrated in the financial evaluations by Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is Karamu Nutrition Program Inc legitimate?
Karamu Nutrition Program Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Karamu Nutrition Program Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $205,064
Professional Fundraising Fees: $0
Other Salaries and Wages: $267,181
For more financial information, click here
Official website here: www.karamu.org
What is the mission statement of Karamu Nutrition Program Inc?
Karamu Nutrition Program Inc's mission is centered around providing support to Tennessee's childcare providers and the children they serve. Their primary objective is to offer low-cost, high-quality services, ensuring the well-being and healthy development of young children. They accomplish this through their sponsorship of the USDA's Child and Adult Care Food Program (CACFP), which supplies nutritious meals. Initially established by Dr. Vera, Karamu Nutrition Program Inc primarily focuses on CACFP sponsorship, aiming to contribute positively to the nourishment of young children.
Official website here: www.karamu.org
Who is the CEO of Karamu Nutrition Program Inc?
Tony L Corley is the Executive Director of Karamu Nutrition Program Inc.
Official website here: www.karamu.org
What is the revenue of Karamu Nutrition Program Inc?
Karamu Nutrition Program Inc's revenue in 2022 was $7,417,091.
Official website here: www.karamu.org
Who are the executives of Karamu Nutrition Program Inc and what are their salaries?
The average compensation at Karamu Nutrition Program Inc during 2022 was $31,483. There are 15 employees at Karamu Nutrition Program Inc.
Here are 8 key members and their salaries:
- Compensation: $99,000
- Related: $0
- Other: $0
- Compensation: $55,008
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $51,056
- Related: $0
- Other: $0
Official website here: www.karamu.org
Where can I find the form 990 for Karamu Nutrition Program Inc?
Karamu Nutrition Program Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.karamu.org
Learn more at the official website: www.karamu.org
Mission Statement of Karamu Nutrition Program Inc
Karamu Nutrition Program Inc is committed to providing low-cost, high-quality services to childcare providers and the children and families they serve in Tennessee. One of their primary objectives is to sponsor USDA's Child and Adult Care Food Program (CACFP). This program ensures the availability of nutritious foods that contribute to the wellness, healthy growth, and development of young children. The organization, which was originally founded by Dr. Vera, recognizes the importance of proper nutrition in childhood development and strives to provide this essential service through their CACFP sponsorship. Karamu Nutrition Program Inc goes beyond just sponsorship, offering a variety of services to support childcare providers, ultimately benefiting the children in their care.
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Impact
July, 2024
Karamu Nutrition Program Inc's impact can be seen in the support and resources it provides to childcare providers in Tennessee. By sponsoring the USDA's Child and Adult Care Food Program (CACFP), Karamu ensures that children and families have access to nutritious foods that contribute to their wellness, healthy growth, and development. Through its low-cost, high-quality services, Karamu plays a vital role in promoting the well-being of young children in the community.
This information is meant to be a general summary of Karamu Nutrition Program Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $7,290,961
- Gross Receipts: $7,417,091
Assets and Liabilities:
- Total Assets: $1,039,726
- Total Liabilities: $663,304
- Net Assets: $376,422
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHILD & ADULT FOOD PRO
Revenue
$7,290,961
Organization Details
Founding Year
1992
Phone
(901) 327-8401Principal Officer
Tony L Corley
Main Address
2670 UNION AVE EXTD 900, MEMPHIS, TN, 38112
Website
www.karamu.orgNTEE Category
Code: K400 - Food
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